Feb 22 2021

Texas Daily Ag Market News Summary Posted 3 years 61 days ago by Administrator Account

Daily Market Summary for February 22^nd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Southern Plains live purchases traded at 114.00. In Nebraska last week, live purchases traded at 114.00 and dressed purchases traded from 180.00-181.00. Last week in the Western Cornbelt live purchases traded form 114.00-115.00 and dressed purchases traded from 180.00-182.00.

       

Negotiated Sales:

Confirmed:      68

Week Ago:       37

Year Ago:   2,498

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,200

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    184.39

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                      79,000

Year ago (act)                      117,000

Previous Day (est)

Steers & Heifers:  85,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 239.98… +0.75

Select:  229.98… +2.08

Choice/Select Spread: 10.00

Total Load Count: 89

            

Cutter Cow Cutout:

186.86… +2.20

   

CME Feeder Cattle Index for February 19^th:

141.12… +3.01

            

Futures Settlements…

Live Cattle:

February: 115.72… -0.20

April: 123.05… -0.62

June: 120.25… -0.27

   

Feeder Cattle:

March: 139.32… +0.20

April: 143.27… +0.60

May: 146.07… +0.35

     

April Hogs: 85.12… +0.62

March Crude Oil: 61.49… +2.25

   

March Corn: 5.5100… +0.0825

March Wheat: 6.6400… +0.1325

   

Grain Cash Bids:

Kansas City Corn: 5.44… +0.08

Kansas City Wheat: 6.15… +0.13

   

Financial Markets:

DJIA: 31,521.69… +27.70

S & P 500: 3,876.50… -30.23

NASDAQ: 13,533.05… -341.41

U.S. Dollar Index: 90.12… -0.24